Government and Taxation

Prime Minister to announce reduction in electricity prices by Rs8 per unit on March 23

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Prime Minister

Prime Minister: The estimated fiscal impact of maintaining current oil prices is about Rs168 billion, which will help reduce the price of electricity by Rs1.30 per unit. The IMF has approved this relief for the government, which has recognized the decision to maintain oil prices for 3 months and if global prices decrease further, its … Read more

What will be the income tax rate on agricultural income? Pakistan informs IMF

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Pakistan informs IMF: Pakistan has provided the International Monetary Fund (IMF) with information regarding the agricultural sector’s income tax rate. Pakistan informs IMF, Policy talks between Pakistan and the IMF are reportedly in progress, according to private TV Geo News. Pakistan has informed the IMF about the legislation to impose taxes on the IMF’s condition, … Read more